What is the median home value in Iron River Township, MI?

Name: Home values in Iron River Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Iron River Township, MI is $153,600 (±$43,539), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Iron River Township, the median home value went from $112,300 in 2015–2019 to $153,600 in 2020–2024 (+36.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $153,600 (±$43,539)
Owner-occupied homes: 415 (±70)
Most common range: $50,000 to $99,999

Home values in Iron River Township

Owner-occupied homes by value, 2020–2024
Value	Iron River Township	Iron County	Michigan	United States
Less than $50,000	12.0% (±7.6 points)	20.1%	7.6%	5.3%
$50,000 to $99,999	21.0% (±7.5 points)	25.7%	9.2%	6.1%
$100,000 to $149,999	15.9% (±6.3 points)	14.6%	10.6%	6.8%
$150,000 to $199,999	14.7% (±5.9 points)	11.4%	14.1%	9.0%
$200,000 to $299,999	20.7% (±8.4 points)	12.6%	23.4%	17.8%
$300,000 to $499,999	9.9% (±4.6 points)	10.3%	24.1%	26.9%
$500,000 to $999,999	1.7% (±1.7 points)	4.3%	9.2%	20.9%
$1,000,000 or more	4.1% (±2.7 points)	1.1%	1.6%	7.1%

The most common range is $50,000 to $99,999, 21.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Iron River Township against Iron County, its state and the nation

Estimate (90% margin of error)
	Iron River Township	Iron County	Michigan	United States
Median home value	$153,600 (±$43,539)	$109,100 (±$6,805)	$231,600 (±$642)	$332,700
Owner-occupied homes	415 (±70)	4,687 (±193)	2,984,190 (±12,886)	84,210,142

In Iron River Township, the median home value is higher than in Iron County ($109,100).

It is also lower than in Michigan ($231,600).

It is lower than the national figure ($332,700).

In Iron County, Iron River Township ranks 5 of 11 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1188 of 1,518.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Iron River Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$112,300 (±$22,737)	$153,600 (±$43,539)	+36.8%	No measurable change after inflation
Median owner cost with a mortgage	$1,051 (±$98)	$1,258 (±$213)	+19.7%	No measurable change after inflation
Median real estate taxes	$1,270 (±$149)	$1,455 (±$315)	+14.6%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Iron River Township

Nearest places with a published estimate, compared with Iron River Township
Place	Distance	Median home value	Compared with this place
Iron River Township	—	$153,600 (±$43,539)	—
Stambaugh Township	3.7 mi	$188,100 (±$23,324)	Not measurably different
Bates Township	8.2 mi	$163,200 (±$66,724)	Not measurably different
Iron River	13 mi	$85,000 (±$12,485)	Lower
Caspian	15 mi	$79,100 (±$16,183)	Lower
Gaastra	16 mi	$49,200 (±$14,346)	Lower
Hematite Township	16 mi	$87,600 (±$21,176)	Lower
Interior Township	19 mi	$92,000 (±$10,257)	Lower
Town of Phelps	19 mi	$240,100 (±$29,195)	Higher

Nearby places with a measurably lower figure: Iron River, MI ($85,000), Caspian, MI ($79,100), Gaastra, MI ($49,200).

Nearby places with a measurably higher figure: Town of Phelps, WI ($240,100).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Iron County, place by place

Rank	Place	Median home value
1	Mansfield Township	$220,500 (±$26,162)
2	Stambaugh Township	$188,100 (±$23,324)
3	Crystal Falls Township	$180,900 (±$18,814)
4	Bates Township	$163,200 (±$66,724)
5	Iron River Township	$153,600 (±$43,539)
6	Mastodon Township	$124,000 (±$55,689)
7	Hematite Township	$87,600 (±$21,176)
8	Iron River	$85,000 (±$12,485)
9	Crystal Falls	$83,300 (±$12,707)
10	Caspian	$79,100 (±$16,183)
11	Gaastra	$49,200 (±$14,346)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Iron River Township

What is the average home value in Iron River Township, MI?

The Census Bureau publishes the median: $153,600 (±$43,539) for owner-occupied homes in Iron River Township (2020–2024 American Community Survey).

Have home values in Iron River Township gone up?

In Iron River Township, the median home value went from $112,300 in 2015–2019 to $153,600 in 2020–2024 (+36.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Iron River Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Iron River township, Iron County, Michigan (county subdivision:41000, in state:26 county:071).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.